ConsenSys Exec: Layoffs Did Not Exceed 10 Percent, Mainly Affect Support Staff

Recent layoffs at blockchain software technology company ConsenSys did not exceed 10 percent of staff. The company’s Executive Director of Enterprise and Social Impact Vanessa Grellet spoke to Cointelegraph about the recent developments at the Crypto Finance Conference in Switzerland on Jan. 18. Grellet said that the staff cuts were a “natural movement” and mainly…

Flexciton is using AI to help factories optimise production lines

Flexciton, the London-based startup that is using AI to help factories optimise production lines, has raised £2.5 million in funding, in a round led by Backed VC. Also participating is Join Capital and company builder Entrepreneur First. The young company pitched at EF’s 6th London demo day in 2016. Riding the so-called “Industry 4.0” wave,…

The AI market is growing, but how quickly is tough to pin down

Holden Page Contributor More posts by this contributor Furniture startups skip the showroom and go straight to your door If you work in tech, you’ve heard about artificial intelligence: how it’s going to replace us, whether it’s over-hyped or not and which nations will leverage it to prevent, or instigate, war. Our editorial bent is more clear-cut: How much…

Following a record year, Illinois startups kick off 2019 on a strong foot

Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor SoftBank’s Vision Fund inches closer to $100B The top 10 cities for $100M VC rounds in 2018 so far Illinois’s startup market in 2018 was very strong, and it’s not slowing down as we settle…

Startups Weekly: Squad’s screen-shares and Slack’s swastika

We’re three weeks into January. We’ve recovered from our CES hangover and, hopefully, from the CES flu. We’ve started writing the correct year, 2019, not 2018. Venture capitalists have gone full steam ahead with fundraising efforts, several startups have closed multi-hundred million dollar rounds, a virtual influencer raised equity funding and yet, all anyone wants to talk…

Wine-by-the-glass subscription service Vinebox raises $5.9 million

One SF startup wants you to get home from a day at work and polish off a bottle of wine by yourself. Vinebox isn’t really trying to get you wasted though, these bottles are cute and tiny. The small startup is hoping that they can get consumers into the idea of buying premium quality wine-by-the-glass…

Sony venture arm invests in geocoding startup what3words

Sony’s venture capital arm has invested in what3words, the startup that has divided the entire world into 57 trillion 3-by-3 meter squares and assigned a three-word address to each one. Financial details were not disclosed. The startup’s novel addressing system isn’t the whole story. The ability to integrate what3words into voice assistants is what has…

Blockchain Data Developer Spring Labs’ Research Program Gains 16 Startup Members

United States-based blockchain startup Spring Labs announced sixteen fintech companies had joined its partner program prior to the release of its Spring Protocol in a press release Jan. 17. Spring Labs, which last year raised $15 million in funding, aims to release anti-fraud technology in the form of private P2P data sharing technology, powered by…

Whyd now helps companies create their custom voice assistant

Y Combinator-backed startup Whyd is pivoting from hardware to software. The startup had been working on a connected speaker with a voice-control interface specifically designed for music. But a couple of years later, it’s clear that subsidized voice assistant devices from Google and Amazon have taken over the market. Whyd is only keeping its own…